QuotableSatoshi on Nostr: We define an electronic coin as a chain of digital signatures. Each owner transfers ...
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
Published at
2025-02-24 12:21:02Event JSON
{
"id": "c3ab427f3df07c170a109edfec0bc937b99bc7ebecb4e71804d452dca5339478",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1740399662,
"kind": 1,
"tags": [],
"content": "We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.",
"sig": "2d6ad6f667a23dfd7b3a8f1ea302e0531422f13df519bd201f3a7d1d5d775ee1dc2ab7c421af7cb8c7725090f741647a99858f461eea9423b8eb3a3693ec9db8"
}
